Gold recovers marginally on jewellers' buying

Silver followed suit and edged up by Rs 50 to Rs 39,200 per kg due to increased offtake by industrial units and coin makers.

Traders attributed the recovery in gold prices to some  buying by local jewellers and retailers at the domestic spot market.

In the national capital, gold of 99.9 per cent and 99.5 per cent purity rebounded by Rs 50 each to Rs 31,350 and Rs 31,200 per 10 grams, respectively. The precious metal had lost Rs 650 yesterday.

Sovereign, however, remained flat at Rs 24,800 per piece of eight grams.

Following gold, silver ready rose by Rs 50 to Rs 39,200 per kg, while weekly-based delivery held steady at Rs 38,320 per kg.

Silver coins, however, maintained a steady trend at Rs 74,000 for buying and Rs 75,000 for selling of 100 pieces in scattered deals.